Wednesday 6 February 2019 11:54 am

Segro appoints Mondelez chocolate boss Mary Barnard to the board

Property group Segro today said it has appointed a veteran of confectionery company Mondelez to its board.

Mary Barnard, who is currently president of European chocolate for Mondelez, will take up the position of non-executive director from the beginning of March.

Read more: Segro rent soars amid rising e-commerce demand for warehouse space

The British executive has been at the chocolate maker since 2016 and oversees brands including Cadbury, Milka and Toblerone. Barnard has also held positions at Pepsi and Poundland.

Segro chairman Gerald Corbett said: “I am delighted to welcome Mary to the board.

“‘Her extensive commercial experience in understanding customers through her various international roles in sales and marketing, together with her knowledge of the operation of the retail supply chain will prove a fantastic asset for Segro as we continue to focus on, and adapt to the ever changing needs and demands of our customers and wider stakeholders.”

The appointment will be a boost for the FTSE 100 property firm, which posted an increase in rental income for the nine months to the end of September.

Read more: Sweet deal: Confectionery firm Mondelez beats profit estimates

The Slough-based company, which specialises in warehouses, has cashed in on growing demand for space from e-commerce firms.

Shares in Segro ticked up 0.2 per cent this morning following the announcement.